UK digital bank Zopa has acquired Rvvup, a provider of AI-driven checkout payment tools tailored for both B2B and B2C transactions.
This acquisition enhances Zopa’s checkout services for merchants, allowing for an upgrade from point-of-sale lending to a unified interface that supports all modern payment methods. Rvvup’s smart AI Payment Agent streamlines the entire payment process, optimizing payment methods to lower costs and increase sales. It also integrates seamlessly with tools like Xero, facilitating daily reconciliation tasks for merchants that utilize multiple payment providers.
Rvvup collaborates with various businesses including Tile Giant, MP Moran, French Bedroom, Mole Valley Farmers, and Fireaway Pizza.
This marks Zopa’s second acquisition, following the purchase of the point-of-sale finance technology and lending platform DivideBuy in 2023. Tim Waterman, chief commercial officer at Zopa Bank, envisions tripling the size of Zopa’s embedded finance business within two years and establishing it as one of the top three retail finance providers in five years.
“Data, technology, and lending capability have always been central to Zopa’s growth. By integrating Rvvup’s unique offerings, we will further enhance our payments and point-of-sale services,” he states. “We believe that together we can provide a seamless checkout experience for both merchants and customers.”